Westlake Preserve, Plantation Bay’s Newest Neighborhood, Tops Seven Sales in March

ORMOND BEACH, Fla – ICI Homes announced that its newest neighborhood, Westlake Preserve at Plantation Bay, generated seven new home sales for the month of March, and eleven sales for the community as a whole, showing the best sales volume in several quarters.

When asked what prompted the surge in sales, Rosemary Messina, vice president of sales and marketing for ICI Homes said, “Westlake Preserve is a jewel in the very heart of our community and offers potential buyers ICI’s new energy-efficient Florida series custom homes priced from the low $200s. It’s no wonder we’re off to such a good start.”

Launched just prior to the Volusia and Flagler Parades of Homes, Westlake Preserve is conveniently located a few minutes drive to either of Plantation Bay’s two existing full service clubs, the tennis pavilion, or the spa and fitness center and offers 140 lakefront and conservation home sites with floor plans ranging from 1,660 to 2,750 square feet. Another community entrance, a future park, a third clubhouse and an additional nine holes are planned for the immediate surrounding area.

“Westlake Preserve offers great choices and superior value, especially for northern buyers looking to get out from under those brutal winters once and for all, or for local families who have come to realize all the great activities that are available for families with children,” Messina said.

NAI Realvest Negotiates Office Lease Agreements totaling 2,354 Square feet at 501 S. New York Avenue in Winter Park

ORLANDO, Fla. – NAI Realvest recently negotiated two lease agreements totaling 2,354 square feet at 501 S. New York Ave. in downtown Winter Park.

Jack W. Lynch, senior associate at NAI Realvest and Tom Kelley II CCIM, a principal in the firm, negotiated both transactions on behalf of the landlord, Yoda, Inc. of Winter Park

Moss, Krusnick & Associates, LLC, a full service CPA firm who was already a tenant leasing 4,491 square feet, completed an expansion lease of suite 110 with an additional 1,492 square feet for a total of 5,983 square feet leased.

At the same time Kelley and Lynch leased suite 200 with 862 square feet to the Ward Law Firm, PL of Winter Park.

The 16,000 square foot 501 S. New York Ave. building is now 75 percent leased.

About NAI Realvest

NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

Emerson International acquires Turtle Creek Community in Medical City Corridor in Osceola County

ALTAMONTE SPRINGS, Fla. --- Emerson International in Altamonte Springs recently acquired the remaining 368 developed home sites at Turtle Creek, a planned development in St. Cloud in Osceola County.

Eric Emerson, vice president and general manager of Emerson International, said the development includes finished 25, 50 and 70 foot home sites.

Emerson said he plans to sell finished home sites at Turtle Creek to production home builders.

“Turtle Creek represents an excellent investment opportunity for us in the Medical City Corridor, where significant job growth is anticipated over the next several years,” Emerson said.

Emerson International, a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U.K. is the developer of the Eagle Creek Golf Community, located five miles north of Turtle Creek on Narcoossee Road in southeast Orlando.

Newmark Knight Frank Capital Group Retained as Exclusive Marketing Agents for Crossroads Square Retail Center in Jacksonville

ATLANTA, Ga. --- Newmark Knight Frank Capital Group of Atlanta and Miami has been retained as exclusive marketing agents for Crossroads Square, a 174,153 square foot neighborhood retail center located at 8102 Blanding Blvd. in Jacksonville, Fl.

Whitney Knoll, who heads Southeast Capital Market Group at Newmark Knight Frank, said Crossroads Square ranks as one of the most coveted retail investment properties in the northeast Florida region.

“The location is exceptional and Crossroads Square has a remarkable track record,” Knoll said. “The center is 98.85 percent leased, with 93 percent of the retail center’s tenants in place for more than five years,” he said.

Within the Jacksonville market, Crossroads Square is known for its A-list retailers.

“More than 90 percent of the tenants at Crossroads Square are national or regional tenants,” Knoll said.

Anchor tenants at Crossroads Square include Floor & Décor, Office Depot, Harbor Freight Tools, and Dollar General.

Knoll said Crossroads Square serves a market area of over 155,000 people within a five mile radius with high visibility on the Blanding Blvd retail corridor near the Orange Park Mall.

NAI Realvest Negotiates Sale of Cypress Lake V Warehouse/Distribution Center for $4.185 Million

MAITLAND, Fla. – NAI Realvest negotiated the $4,185,600 sale price for Cypress Lake V, an 83,712 square foot warehouse and distribution facility at 1611 Cypress Lake Drive in south Orlando off Orange Blossom Trail and the Florida Turnpike.

Michael Heidrich and Christie Alexander, principals at NAI Realvest and Chairman George Livingston negotiated the transaction, and the Realvest team including associates Drew Saphos, CCIM and Paul Vera represented the seller.

The Class A industrial building was awarded NAIOP’s Industrial Development of the Year Award in 2009.

Heidrich and NAI Realvest handled the leasing and management of the facility and Livingston and Alexander originally brokered the sale of the five-acre site to develop the project.

The buyer, FAAST Leasing of Florida, LLC was represented in the transaction by Nick Sands of Pizzuti.

About NAI Realvest

NAI Realvest, with offices covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide through NAI Global, an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built their businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

Florida REO Managers, Inc. announces sale of Arthur Court Apartments in Lakeland by City National Bank of Los Angeles

ORLANDO, Fla. --- Florida REO Managers, Inc. (www.floridareomanagers.com), an affiliated company of Realty Marketing Associates, based in Orlando, recently announced the sale of Arthur Court Apartments in Lakeland by City National Bank of Los Angeles.

Ron Schwartz, principal at Florida REO Managers, said nine residential units were included in the sale.

Kevin Kelleher of Franklin Street Real Estate Services negotiated the sale, Schwartz said.

The undisclosed buyer paid $140,000 for the property or $15,555 per unit. Arthur Court Apartments were not occupied at the time of the sale.

Florida REO Managers provides local and statewide management and court appointed receivers of residential apartments and commercial properties that have been taken by out-of-state lenders in foreclosure.

“We work with out-of-state lenders and attorneys who have taken back Florida properties, or who need a receiver to make sure that the borrower’s property continues to be maintained properly during the sometimes lengthy foreclosure process,” Schwartz said.

ERP Consulting Exchange Launches Country Ambassador Program

Winter Springs, Fla. - ERP Consulting Exchange (ERPCX), a global 4000-member network of independent Enterprise Resource Planning consultants that is headquartered in Winter Springs, has launched a Country Ambassador Program. An ERPCX Country Ambassador serves as the primary contact for companies seeking ERP consulting services from ERPCX members in his or her country.

Four ERPCX Country Ambassadors have been named: China, France, Germany and the Netherlands.

ERPCX consultants perform implementation, configuration and technical support of products sold by SAP AG, the world’s leading supplier of ERP software to support core business functions. Those include: purchasing, sales, delivery, billing, production and inventory management, quality control and human resources, Herbert Goertz, chief executive officer of ERP Consulting Exchange said.

In addition to direct ERP consulting, ERPCX also acts as key conduit of SAP knowledge through its online social networks, member-to-member collaboration, access to live SAP systems, and the SAP experts knowledgebase — one of the most comprehensive libraries of SAP tutorials and documentation available, according to Goertz. One of the roles of Country Ambassadors will be to promote use of these resources to SAP consultants, customers and users around the world.

“We are very excited about the Country Ambassador Program,” said Goertz. “Country Ambassadors will give the ERPCX a local presence in every country we serve. Each one will be person that the ERPCX goes to first whenever we need to support customers in their country. Country Ambassadors will have exclusive use of the ERPCX logo on websites, newsletters and other materials. And we will support each Country Ambassador with a country-specific website he or she can populate in their local language,” Goertz explained.

“I am delighted to be named the Country Ambassador for Germany,” said Andreas Hielscher. “The ERPCX offers SAP customers and consultants a new way of working together – using online tools – that’s more cost-effective than traditional onsite consulting. But local customers will also appreciate having someone close by they can call who speaks their language and understands the culture,” Hielscher said.

Wim Wetzels, the Country Ambassador for the Netherlands, expects his ERPCX connection will help his consulting career. “Each Customer Ambassador knows that they have the entire ERPCX behind them,” Wetzels said. “That is a powerful resource when you are looking to bring more knowledge and capabilities to projects.”

ERP Consulting Exchange is a client/member of the University of Central Florida Business Incubation Program at the Business Incubator in Winter Springs at 1511 East State Road 434.

About ERP Consulting Exchange

The ERP Consulting Exchange is an online community of professionals who consult to companies that use enterprise resource planning software, supporting both ERP consultants and customers with services that deliver professional development, information exchange and virtual consulting via the Internet.

About the UCF Business Incubation Program:

Since its founding in 1999, the UCF Business Incubation Program has helped more than 160 emerging companies (including nearly 100 current clients) create over $800 million in annual revenue and more than 1,600 new jobs with an average salary of $59,000. With eight – and soon nine – facilities opened across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, the Florida High Tech Corridor Council and will be adding Volusia County. For more information, please visit www.incubator.ucf.edu.